On behalf of our client, we are looking for a Senior Specialist to lead Commercial Accounting Team in KSA. The primary focus for the role is the day-to-day accounting activities, such as project economics reporting, client administration and compliance with regulations, Treasury activities related to contracts and other special projects. This role will be responsible for the managing the KSA Finance Team (2 Staff) to ensure priorities are met and staff are mentored. The individual will work in close coordination and guidance of the Commercial Manager to set priorities.

The individual is a member of the Middle East Finance management Team; will participate in the Middle East Finance initiatives and will coordinate financial activities to support the business needs.

You will act as a business partner to Commercial Manager to ensure delivery of timely and accurate reporting and analysis.

You will also manage the relationship with clients aimed at improving the invoicing and collection process and work with Middle East Finance Manager to implement risk management initiatives, which include ensuring there are adequate systems of internal controls and ensuring compliance with local tax, legal and other regulatory requirements. Furthermore, you will proactively identify and address areas for improvement to the KSA finance processes in order to gain efficiencies.

Key Areas:

Commercial Accounting Operations and Compliance

Under the guidance of the Commercial Manager, you will review client contracts and monitor to ensure the terms are met and in compliance with company policies. You will proactively manage DSO, working closely with Commercial Manager. You should seek to continuously improve local commercial business processes, such as client administration and collections, to obtain efficiencies, reduce risks, and maintain the infrastructure necessary to support the growth of the offices.

Taxation and Compliance

You will assist in tax audit processes as needed in close cooperation with the Middle East Finance Manager and the company's global tax team.Continuously, you will work on identification of tax opportunities and avoidance of tax risks in corporate and withholding tax. Risk Management, in collaboration with the Head of Finance, which includes ensuring there are adequate systems of internal control and ensuring compliance with local tax, legal and other regulatory requirements

Treasury Functions

You will oversee and initiate banking transactions as per country statutory regulation and create and release bid/performance bonds for country based projects, ensuring compliance with banking guidelines while still meeting client demands. Liaise with local PRO to maintain governance over petty cash function as it relates to visa invitation letters

Skills:

Basic Job Requirements : Qualifications:

University degree in Accounting/Finance or equivalent through experience. CPA and/or MBA equivalent desired

5-7 years work experience in financial accounting, preferably with 2-4 years in a professional accounting firm

2+ years managing a team

Must have Saudi GAAP experience, preference given to those with US GAAP experience as well

Essential Skills & Attributes:

Fluency in written and spoken English and Arabic languages with the ability to work mainly in English

Strong interpersonal and communication skills

Willingness to work in a multinational finance team

Strong organizational skills with attention to detail

Experience in working in a virtual team

Well structured and capable to "think outside of the box". Self driven, acts upon needs rather than upon requests

May be required to travel to Dubai for meetings, affiliation events, etc.

Desirable Skills & Attributes:

Multinational experience preferably with a US company

International experience a plus

Experience with Oracle, Business Objects and other Accounting and Analysis Tools

Analytical skills

Flexibility to work in an environment that has short-term shifts in priorities to meet a diverse customer base